You are viewing a single comment's thread from:

RE: Variable Interest Rates And Diamond Hands

in LeoFinance5 years ago

The various platforms are changing the game for sure. Some of my stuff is sitting not earning a return and some of my stuff is earning a crazy return.

My reason for not just focusing on Stacking sats is because to me Bitcoin hasn't scaled when it has needed to.

I'm not in love with the coins..... I'm in love with the freedom.

As long as I'm doing better being in the other coins than I would be just totally being in Bitcoin and Ethereum.

Sort:  

I get the whole scaling issue and yes it is an issue but I am not in Bitcoin because I care about how they scale but how it scales my bank balance. Like you I have a few bets on crazy interest rates but probably a way smaller percentage of my portfolio since those returns rely on timings, getting lets say a 30% APR depends on liquidity and the order volume to get in and out of that and I don't have time to play that game.

Most of these alts hard caps don't mean dick anyway so they can keep inflating it away to produce returns. BTC can't do that, too many HODL"rs would revolt so the interest rate is highly elastic, if you look at these sites we're using like BlockFI they're scalping a premium and giving an okay return but if you drop into the P2P market like HODLHODL you can get easily 17% APR on your Bitcoin

For me I am keen to see how elastic interest rates become as those without Bitcoin need to encourage removal from cold storage